Which of the Following May Be Considered a Commercially Reasonable

question 30

Multiple Choice

Which of the following may be considered a commercially reasonable manner by which notice of dishonor can be given to a secondarily liable party?

• A) Orally
• B) In writing
• C) Electronically
• D) Orally, in writing, and electronically
• E) By certified letter only

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Definitions:

Custodial fathers

Fathers who have been granted primary legal and physical custody of their children following a separation or divorce.

Divorced mothers

Women who have legally ended their marriages and are responsible for caring for their children as single parents.

Nontraditional family

A family structure that differs from societal norms, such as single-parent families or families with same-sex parents.

Socioeconomic standing

A composite measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.